Payment Processing Specialist US Medical Billing Job Description Duties/: ERA & Manual EOB Payment Posting/: Manually process paper and post electronic remittance advisories. Benefit statements are explained and entered into practice management systems with 100% accuracy. Payment & AdjustmentAllocation/: In accordance with payer contracts, correctly apply insurance payments, patient co/-pays, coinsurance, deductibles, contractual adjustments, permitted amounts, and fee schedule write/-offs. DenialIdentification & Routing/: Use the appropriate CARC/RARC codes to identify, record, and forward claim denials, partial payments, underpayments, and non/-covered services to the AR follow/-up team for prompt appeal action. Batch balancing and daily bank reconciliation/: To guarantee zero variance, compare posted batch totals in the billing system with daily bank deposits, lockbox payments, credit card receipts, and EFT payments. Unapplied Cash & Credit Balance Management/: In accordance with healthcare accounting standards, investigate, assign, and settle unapplied payment accounts,



patient overpayments, and credit balances. Focus Skills/: Medical Billing & EOB/ERA Processing Mastery/: Proficiency in reading, interpreting, and correctly posting Explanations of Benefits /(EOB/) from commercial and government payers on paper and electronically /(835 ERA/). Proficiency in Cash Application and Bank Reconciliation/: Practical experience processing EFTs, lockbox file management, balancing daily payment batches against bank deposits, and resolving balance problems. Denial Code & Contractual Adjustment Recognition/: A thorough comprehension of write/-offs, permitted amounts, patient responsibility regulations, Remittance Advice Remark Codes /(RARC/), and Claim Adjustment Reason Codes /(CARC/). Practice Management /(PM/) & EHR Software Navigation/: Helpful knowledge of electronic health record /(EHR/) systems and healthcare billing software Apply now to become an integral part of our

📌 Payment Processing Specialist US Medical Billing (Chennai)
🏢 GS Infotech
📍 Chennai